Financial
Distress signals
Property profile

248 Essex St Salem, MA 01970

OFF-MARKET
Office Spaces
Property ID
US38-0812077
537 SF 0.07 ac lot Built 1900
Last sale Jun 2024 · $325,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$171k
Assessed land$100
Assessed improvement$171k
Effective rate2.37%

Value estimate

· Sep 2026
$325k
$293k – $358k
AI approach$325k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$287/SF
ZIP average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$150 – $396
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B5
Applicability to Central Business (B5) Zoning District: For projects in the Central Business (B5) District, this Section 8.9 shall be app...
General categoryUNKNOWN
JurisdictionSALEM

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith9.7
Assisted Living Facility9.1
Butcher8.5

Location

248 Essex St Salem, MA 01970-3434
County assessor Recorded deeds · 2 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
10 Colonial, Salem, MA 01970-2943 $275,000 Dec 2024 694 SF
11 Derby, Salem, MA 01970-3704 $335,000 Sep 2024 1,100 SF
190 Essex, Salem, MA 01970-3705 $370,000 Aug 2024 636 SF
6 Norman, Salem, MA 01970-3314 $159,000 Oct 2022 812 SF
124 Derby, Salem, MA 01970-5645 $305,000 Sep 2021 702 SF
8 Norman, Salem, MA 01970-3314 $140,000 May 2021 812 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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